SoftBank

Toyota is reported to have invested $500 million into ride-hailing company, Uber. The transaction values Uber at $72 billion, $10 billion higher than how much Uber was valued earlier in 2018 when SoftBank Group invested in the ride-hailing company. According to the reports citing an anonymous source with alleged knowledge

Uber has re-emphasized that it is committed to doing business in Afrika. This comes after Uber's largest shareholder, SoftBank, signaled to the ride-hailing company that it should rather focus on its core markets, which exclude Afrika, if it wants to reach profitability faster. The statement was made by SoftBank Director,